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REVENUE | 6 Months Ended
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Jun. 29, 2019
Revenue from Contract with Customer [Abstract] |
REVENUE | REVENUE Disaggregation of Revenue. The Company's revenue disaggregated by major product category and timing of revenue recognition was as follows (in thousands):
| For the 13 Weeks Ended June 29, 2019
| Americas |  | Europe |  | Asia |  | Corporate |  | Total
Product type |  |  |  |  |  |  |  |  |
Watches | $ | 185,131 |  |  | $ | 114,471 |  |  | $ | 113,624 |  |  | $ | 59 |  |  | $ | 413,285 |
Leathers | 33,637 |  |  | 9,229 |  |  | 9,764 |  |  | — |  |  | 52,630 |
Jewelry | 1,642 |  |  | 18,425 |  |  | 719 |  |  | — |  |  | 20,786 |
Other | 2,697 |  |  | 4,957 |  |  | 2,168 |  |  | 4,870 |  |  | 14,692 |
Consolidated | $ | 223,107 |  |  | $ | 147,082 |  |  | $ | 126,275 |  |  | $ | 4,929 |  |  | $ | 501,393 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |
Revenue recognized at a point in time | $ | 222,365 |  |  | $ | 146,728 |  |  | $ | 126,083 |  |  | $ | 2,427 |  |  | $ | 497,603 |
Revenue recognized over time | 742 |  |  | 354 |  |  | 192 |  |  | 2,502 |  |  | 3,790 |
Consolidated | $ | 223,107 |  |  | $ | 147,082 |  |  | $ | 126,275 |  |  | $ | 4,929 |  |  | $ | 501,393 |
| For the 13 Weeks Ended June 30, 2018
| Americas |  | Europe |  | Asia |  | Corporate |  | Total
Product type |  |  |  |  |  |  |  |  |
Watches | $ | 221,637 |  |  | $ | 136,760 |  |  | $ | 104,593 |  |  | $ | — |  |  | $ | 462,990 |
Leathers | 42,757 |  |  | 12,915 |  |  | 12,248 |  |  | — |  |  | 67,920 |
Jewelry | 10,454 |  |  | 21,151 |  |  | 1,499 |  |  | — |  |  | 33,104 |
Other | 4,043 |  |  | 4,984 |  |  | 2,570 |  |  | 972 |  |  | 12,569 |
Consolidated | $ | 278,891 |  |  | $ | 175,810 |  |  | $ | 120,910 |  |  | $ | 972 |  |  | $ | 576,583 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |
Revenue recognized at a point in time | $ | 278,354 |  |  | $ | 175,562 |  |  | $ | 120,790 |  |  | $ | 972 |  |  | $ | 575,678 |
Revenue recognized over time | 537 |  |  | 248 |  |  | 120 |  |  | — |  |  | 905 |
Consolidated | $ | 278,891 |  |  | $ | 175,810 |  |  | $ | 120,910 |  |  | $ | 972 |  |  | $ | 576,583 |
| For the 26 Weeks Ended June 29, 2019
| Americas |  | Europe |  | Asia |  | Corporate |  | Total
Product Type |  |  |  |  |  |  |  |  |
Watches | $ | 333,448 |  |  | $ | 230,723 |  |  | $ | 215,230 |  |  | $ | 62 |  |  | $ | 779,463 |
Leathers | 64,389 |  |  | 20,586 |  |  | 21,559 |  |  | — |  |  | 106,534 |
Jewelry | 10,818 |  |  | 39,175 |  |  | 1,953 |  |  | — |  |  | 51,946 |
Other | 4,821 |  |  | 9,876 |  |  | 4,432 |  |  | 9,589 |  |  | 28,718 |
Consolidated | $ | 413,476 |  |  | $ | 300,360 |  |  | $ | 243,174 |  |  | $ | 9,651 |  |  | $ | 966,661 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |
Revenue recognized at a point in time | $ | 412,066 |  |  | $ | 299,645 |  |  | $ | 242,789 |  |  | $ | 3,599 |  |  | $ | 958,099 |
Revenue recognized over time | 1,410 |  |  | 715 |  |  | 385 |  |  | 6,052 |  |  | 8,562 |
Consolidated | $ | 413,476 |  |  | $ | 300,360 |  |  | $ | 243,174 |  |  | $ | 9,651 |  |  | $ | 966,661 |
| For the 26 Weeks Ended June 30, 2018
| Americas |  | Europe |  | Asia |  | Corporate |  | Total
Product Type |  |  |  |  |  |  |  |  |
Watches | $ | 417,314 |  |  | $ | 287,555 |  |  | $ | 205,736 |  |  | $ | — |  |  | $ | 910,605 |
Leathers | 81,087 |  |  | 30,953 |  |  | 25,139 |  |  | — |  |  | 137,179 |
Jewelry | 22,477 |  |  | 49,658 |  |  | 2,774 |  |  | — |  |  | 74,909 |
Other | 7,080 |  |  | 9,432 |  |  | 5,123 |  |  | 1,411 |  |  | 23,046 |
Consolidated | $ | 527,958 |  |  | $ | 377,598 |  |  | $ | 238,772 |  |  | $ | 1,411 |  |  | $ | 1,145,739 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |
Revenue recognized at a point in time | $ | 526,965 |  |  | $ | 377,126 |  |  | $ | 238,548 |  |  | $ | 1,411 |  |  | $ | 1,144,050 |
Revenue recognized over time | 993 |  |  | 472 |  |  | 224 |  |  | — |  |  | 1,689 |
Consolidated | $ | 527,958 |  |  | $ | 377,598 |  |  | $ | 238,772 |  |  | $ | 1,411 |  |  | $ | 1,145,739 |
Contract Balances. As of June 29, 2019, the Company had no material contract assets on the Company's condensed consolidated balance sheets and no deferred contract costs. The Company had contract liabilities of (i) $17.7 million and $21.8 million as of June 29, 2019 and December 29, 2018, respectively, related to remaining performance obligations on licensing income, (ii) $5.4 million and $6.2 million as of June 29, 2019 and December 29, 2018, respectively, primarily related to remaining performance obligations on wearable technology products and (iii) $3.1 million and $3.8 million as of June 29, 2019 and December 29, 2018, respectively, related to gift cards issued.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 + Details
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